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    Light Flex Office/Warehouse Suite Title is generated by Realmo AI

    44 Executive Boulevard #105, Elmsford, NY 10523

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    For Lease
    $5,357/Mo $14 SF/Yr (calc)

    First-floor light flex suite with office space and direct access to a loading dock for practical distribution needs.

    Type:Commercial
    Property size:
    4,300 SF
    Added:
    Jun 3, 2026
    Days on Market:
    3
    Last Refresh:
    Jun 5 at 2:06 am

    Property Features for 44 Executive Boulevard #105

    General Information

    Standard status
    Active
    Size
    4,300 SF
    Property subtype
    Commercial

    Building Details

    Year Built
    1972

    We can help!

    Listing Contact
    NICHOLAS GAGLIARDI

    Listing agent NICHOLAS GAGLIARDI

    Listing office GAGLIARDI REALTY, INC.

    Listing date Jun 3, 2026

    Source Corcoran

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of GAGLIARDI REALTY, INC.

    HighLights

    • 4,300 SF first‑floor light flex suite in Cross Westchester Executive Park with mostly open space and high ceilings
    • Includes 2 private offices and an ADA access bathroom in the suite
    • Direct access to a loading dock; wide hallway to loading for practical distribution needs
    • Air compressor lines throughout the suite and lots of power for industrial/light work use
    • Rent $5,357 per month ($14.95 per SF); tenant pays utilities and cleaning, no CAM
    • Building amenities include elevator access and a backup generator (tenant can pay to hook up)

    Overview

    Suite 105 is a 4,300-square-foot light flex space designed for light warehouse use with office functionality. The suite features mostly open space with a wide hallway that leads to the loading dock, plus high ceilings for operational flexibility. Interior improvements include two private offices, ADA-accessible bathrooms, and air compressor lines throughout the space. The offering also notes that the warehouse operation is intended for pallet jacks only, along with lots of power for equipment use.

    The suite is located within Cross Westchester Executive Park at 44 Executive Boulevard in Elmsford, NY. The building includes an elevator and provides ADA access, supporting convenient movement for employees and visitors. The property also has a backup generator, and the remark notes the tenant can pay to hook up, with this space described as mostly hooked up. The tenant is responsible for utilities and cleaning, and there is no CAM charged.

    This layout is well suited to tenants seeking a light warehouse environment combined with private office space, along with ADA-accessible facilities and a loading-dock setup. The building notes restrictions for use, specifying no gyms, dance studios, or high-density gatherings, and the tenant is subject to utility and cleaning responsibilities as described.
    Location Intelligence

    Current Use by Public Records

    ARC Document Solutions Marketing & Advertising Riot Color Creative ... Printing Service Raw Rev | Energy ... Specialty Food Shop Community Capital New ... Bank Record Nations Storage Facility

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Building Supply Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Elmsford
    County
    Westchester
    State
    New York
    Longitude
    -73.8129157
    Latitude
    41.0693507

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    FAQs

    What type of property is this?
    Flex space - First-floor light flex suite with office space and direct access to a loading dock for practical distribution needs.
    Where is this flex space located?
    The property is located at 44 Executive Boulevard #105 Elmsford, NY.
    What is the lease rate?
    The lease rate is $5,357 /Mo.
    What are key features of this property?
    This property features: 4,300 SF first‑floor light flex suite in Cross Westchester Executive Park with mostly open space and high ceilings; Includes 2 private offices and an ADA access bathroom in the suite; Direct access to a loading dock; wide hallway to loading for practical distribution needs
    (914) 747-0890
    We can help!
    Listing Contact
    NICHOLAS GAGLIARDI
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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